In this episode, C.A.R. economists explore the latest decline in the statewide median price, and its implications to the housing market in the months ahead. We also discuss the recent Fed's decision on rates, the drop in retail sales, and how the shifting in consumer confidence and builder sentiment could affect the market outlook for the rest of the year.

California home sales have declined for the second time in four months compared to the previous year, as elevated interest rates and ongoing economic uncertainty continue to impact the market. The condo market, which previously provided more opportunities for first-time buyers, has also softened due to worsening affordability. Although the tariff situation has slightly improved, the recent U.S. credit downgrade has adversely affected rates, likely causing the housing market to stall in the coming months.

In this episode, C.A.R. economists break down the latest Federal Reserve decision to keep interest rates unchanged. They also discuss the first negative economic growth in three years, the impact of rising tariffs, home price fundamentals, and the latest update on insurance.

In this episode, C.A.R. economists break down the latest trends in inflation, retail activity, and the consumer sentiment. They also discuss the March home sales report, the latest housing affordability by ethnicity index, and the outlook for the spring homebuying season.

In this episode, C.A.R. economists discuss the latest concerns about the economy and the odds of a recession. We dive into how some of the macroeconomic variables are affecting everything from retail sales slowing down to consumer confidence hitting its lowest point since 2021. And while inflation appears to be ok for now, recently implemented tariffs could create headwinds in coming months. Interest rates may also remain elevated as the the Fed suggests that they could "wait-and-see" for a little longer.

C.A.R. economists discuss the aftermath of the wildfires in LA County, the economic/regulatory implications of the new administration to the market, and the latest trend on inflation.

C.A.R. research discusses the latest housing market update as well as the final fed rate cut for 2024 and how that will affect the forecast for 2025.

The outcome of the election has an impact on the housing market, but the net effect in the short term is yet to be determined. Inflation will likely be stickier next year than previously thought since after the election, while the economy could grow faster in 2025. While interest rates are expected to decline more slowly than what was projected before, the market outlook is murkier than a month ago as the election results created more uncertainty for the market in the path ahead.

With mortgage rates expected to moderate further in 2025, California homes sales and price are projected to increase as buyers and sellers return to the market. Join C.A.R. economists as they discuss the latest economic update and look ahead at potential market changes in the upcoming year.

The fed funds rate was lowered by half a percentage point for the first time since 2020. The central bank’s latest move and its plan on future rate reductions will benefit homebuyers and home sellers in the coming months. With mortgage rates remaining near the lowest level in two years, housing activity could pick up in the fall.